New rent hike hits 2.72M families

AN estimated 2.72 million low-income families nationwide will be affected by the new rental rate increase cap imposed by the National Human Settlements Board (NHSB).

Department of Human Settlements and Urban Development (DHSUD) Undersecretary Henry Yap said Wednesday that only those families that pay P10,000 and below are covered by the 4 percent rent increase cap approved by the NHSB.